Russian Foreign Minister Sergey Lavrov has expressed hope that a reported agreement between the United States and Iran would be formalised in the coming days, while also commenting on prospects for ending the conflicts in Ukraine and the Middle East.

Speaking at a news conference in Minsk, Belarus, Lavrov said Moscow hoped that understandings announced by Washington, Tehran, and Islamabad regarding the Iranian crisis would soon be translated into a signed agreement.

“We hope that everything announced today and confirmed literally an hour ago will be materialised. We hope that this agreement, as stated in Washington, Tehran and Islamabad, will be signed this week,” he said.

US President Donald Trump has said that many ships loaded with oil are starting to move out of the Strait of Hormuz.

"Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern 'Highway,' which is totally safe, secure, and pristine," he wrote in a Truth Social post.

The Organisation of Islamic Cooperation (OIC) has welcomed a memorandum of understanding between the United States and Iran to end their conflict and restore the freedom of navigation in the Strait of Hormuz.

In a statement, the Jeddah-based organisation commended the roles played by Pakistan and Qatar, along with other countries that helped bridge differences between Washington and Tehran and create the conditions for reaching the deal.

Iran's foreign ministry has said it would seek ratification from the UN Security Council after it negotiates a final agreement covering its nuclear programme with the United States.

"The final agreement is expected to be endorsed by a United Nations Security Council resolution after a period of 60 days," said foreign ministry spokesperson Esmaeil Baghaei in a weekly press briefing, adding that Tehran "will learn from past experience".

Hezbollah has thanked its backer Iran for insisting that Lebanon, where Israel and the militants have been at war, be included in the deal to end the Middle East conflict.

"Hezbollah expresses its profound gratitude" to Iran's leaders, forces and people "for their steadfast support of Lebanon, its people and its resistance, and for their insistence that Lebanon be included in any understanding leading to the cessation of war", the group said in a statement.

Hezbollah warned that the group "will not accept any aggression that violates its country's sovereignty or spills the blood of its people", vowing it would "remain committed to Lebanon's legitimate and unwavering right to defend its land, people and sovereignty until a full (Israeli) withdrawal is achieved and the prisoners are returned".

French President Emmanuel Macron has said that the G7 countries will do everything they can to ensure that the newly announced US-Iran deal is implemented and the Strait of Hormuz reopens.

"We will do everything, first of all, to ensure that this agreement becomes a reality and therefore that Hormuz can be reopened peacefully and that traffic can resume," Macron said on broadcaster TF1, as world leaders are arriving in Evian, France, for a three-day Group of Seven summit.

Iran's foreign ministry has said the United States had committed to releasing Iran's frozen funds abroad and compensating it for damages during the war under a framework deal.

"The release of the frozen Iranian assets, as well as the reparations for damages, are two essential points. The American side has committed to taking measures in both areas," said foreign ministry spokesperson Esmaeil Baghaei during a press briefing.

Iran's foreign ministry has said the country would charge maritime service fees on ships transiting the Strait of Hormuz, rather than imposing tolls, under a framework deal with the US.

"We have always maintained that we do not seek to collect transit tolls, but fees for navigation services, environmental protection, ship insurance and other necessary services will be charged," said foreign ministry spokesperson Esmaeil Baghaei during a press briefing.

The United States expects the Strait of Hormuz to be open toll-free in the long term, Vice President JD Vance has said.

In an interview on CNBC, Vance also said Iran's foreign minister and House speaker will represent Iran at the signing in Switzerland on Friday and many details of the deal are still to be sorted out.